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Global Automotive E-Compressor Market Size is projected to be worth USD 27.2 billion by 2027, with a CAGR of 32.8% over the forthcoming years, according to Acumen Research & Consulting

Automotive E-compressors, also known as electric compressors, are extensively used in automobiles to ensure that the air conditioning system operates safely and efficiently for the comfort of passengers. The expanding trend of hybridization or electrification of autos, as well as supportive government policies for electric vehicles, is propelling the automotive e-compressor industry forward. Furthermore, a consistent rise in hybrid and fully electric vehicle acceptance, as well as the desire for more pleasant features, will boost demand for the automotive E-compressor market during the forecast period.

With the rising production and adoption of electric vehicles, the functionality required of electric compressors is becoming more diverse. Heat management is also becoming increasingly important for conditioning not only the interior but also onboard systems that can become hot, such as batteries. As a result, the functionality of electric compressors is expanding, as is the production of these critical components of electric vehicles.

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Global Automotive E-Compressor Market Overview

In the automotive industry, electric compressors, often known as automotive e-compressors, are frequently used. These industries use vehicle e-compressors in autos to assist the Heating and cooling system’s operation for passenger comfort. E-compressors are extremely effective for reducing vehicle emissions, increasing fuel efficiency, and engine workload because they are charged by an independent electric motor. Another important feature of the e-compressor is its minimal carryover oil, which assists the vehicle’s engine in cleansing the cabin air. It also supports a rapid engine and has an easy installation procedure.

The electric compressor compresses the liquefied refrigerant and keeps it at elevated temperatures and pressures. Furthermore, automotive electric compressors, often known as e-compressors, are often employed in automobiles to support the heating and cooling system’s operation for the convenience of passengers. Electric compressors include compressors that include a motor. In a non-electric automobile, the battery system powers the e-compressor, and the generator regenerates the battery. The e-compressor prevents the batteries from overheating and thus the vehicle from collapsing. The most essential auxiliary burden in a car is the air conditioning technology, and the compressor has been the most powerful.

Global Automotive E-Compressor Market Growth Aspect

In recent years, the automotive e-compressor market has seen intense competition from both international and domestic manufacturers. Continuously expanding government assistance for the automotive vehicle industry, as well as an increasing trend in the successful execution of electric and hybrid vehicles, as well as a boost in market research and development projects, are among the other forces that influence the growth of the automotive e-compressor market size. The global automotive e-compressor market has a great opportunity, with opportunities in light-duty, medium-duty, and heavy-duty vehicles, as well as buses and coaches, and passenger cars. Furthermore, advanced technologies, independent sovereign trends, and expansion of existing security procedures, as well as a growing adoption from emerging economies, will create opportunities for automotive e-compressor market manufacturers over the projected timeframe.

However, the increase in the cost of Research and development activities is a significant impediment to the development of the automotive e-compressor market value throughout the forecast period. Besides that, these automotive e-compressors are much less convenient than traditional internal combustion engine-driven compressors are projected to restrict market expansion significantly.

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According to Acumen Research and Consulting, the worldwide automotive e-compressor industry is fragmented into vehicle type, sales channel, type, cooling capacity, drivetrain, and component. By vehicle type, the market is further segmented into buses & coaches, passenger vehicle, medium and heavy duty trucks, and light duty vehicle. By sales channel, the market has been divided into aftermarket, and OEM. By drivetrain, the market has been classified into electric vehicle, and ICE vehicle. By type, the segment is categorized into screw, swash, scroll, wobble, and others. By cooling capacity, the market has been divided into less than 20 CC, 20 to 40 CC, and more than 60 CC. By component, the segment is grouped into inverter, compressor section, oil separator, motor, and others.

The automotive e-compressor industry is divided into five regions including Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. According to the automotive e-compressors market forecast, Asia-Pacific is predicted to grow at a rapid pace in the regional market. Factors such as the growing presence of industry players, as well as the rising adoption of electric vehicles, in the region are propelling the Asia-Pacific automotive e-compressor market. Economic development, increased consumer spending, growing auto manufacturers, and the global trend of vehicle electrification and modernization are all contributing factors. China has long been recognized as the world’s largest vehicle manufacturer. As a result, China is expected to gain a major worldwide market share in the automobile industry during the next five years. Car manufacturers are focused on product innovation as a result of growing consumer demand in Asia-Pacific.

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Some of the noteworthy automotive e-compressor market companies are Denso Corporation, Valeo S.A., Mahle Behr GmbH, Hanon Systems, SCHOTT AG, Toyota Industries Corporation, Mitsubishi Heavy Industries Automotive Thermal Systems Co., Ltd., Marelli, Robert Bosch GmbH, and Sanden Corporation.

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

Mr. Frank Wilson Acumen Research and Consulting USA: +13474743864 India: +918983225533 E-mail: [email protected]

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